PUBLISHER: Acute Market Reports | PRODUCT CODE: 1134287
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1134287
Sneakers Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
The global sneakers market is projected to witness a significant growth, growing with a CAGR of 6.8% during the forecast period from 2022 to 2030. Sneakers are varied into different categories mainly athletic shoes, gym shoes and many more. Sneakers were basically designed for various sports activities but now-a-days are used for everyday wear. Manufacturers are focusing on sustainable resources for manufacturing these shoes. For instance, according to the annual report of Puma SE, Puma is going to arrange 90% of its cotton and polyester from sustainable sources. In addition, in March 2021, Adidas produced more than five million pair shoes from plastic which has recycled from oceans, and plans to increase the production to 11 million in the near future.
Increase in IOT technology and e-commerce trend is one of the key factor driving the growth of the market. For instance, in 2020, according to the statistics provided by Adidas, e-commerce was the fastest-growing sales channel globally. Demand for sneakers is continuously increasing, as consumers nowadays are inclining towards sporty lifestyle and turning sportswear into daily wear. Moreover, sports and physical activities like yoga, gym and many other activities are driving the sales of sneakers in the young population on a global scale. Companies are producing sneakers for specific purposes, for instance, on April 2021, Nike, Inc. launched its new gym red edition for women, especially designed for working out in gyms. The Air Max 720 is textured in white shade, having a midsole clip of plastic and same sporty outsole.
Adult sneakers market will grow significantly at a healthier CAGR
In 2021, the adult sneakers segment held largest share in the global sneakers market. The dominance of this segment is supported by many reasons, like consumers have become more comfort-oriented and are now ready to invest more in footwear which offers extra comfort. For instance, June 2021, Nike released new shoes collection which includes in brands softest and most flexible form shoes. The Nike air max 270 react is manufactured with bar track technology and no-sew materials are used for the manufacturing of these shoes. Moreover, the trend for sneakers among women are also rising, and companies are focusing to provide sneakers for their female customers. For instance, Nike has launched a digital program for women. Nike unlaced is a platform where women can able to choose footwear, with new styles and collaborations. Nike unlaced is being updated weekly with new brands and innovative shoes, thereby helping women to wear different styles of sneakers as of men sneakers. This is one of the key reason driving the growth of adult sneakers market.
North America accounted largest market share in 2021
In 2021, North America dominated the sneaker market and is likely to continue its dominance during the forecast period from 2022 to 2030. The U.S. holds the majority of market share in the overall North America market. People in the U.S. prefer quality products and are ready to pay high prices for branded products. Moreover, factors such as rising e-commerce and product innovation are also increasing the demand for sneakers. In contrast, Asia Pacific is the fastest-growing region of the sneakers market. The market growth is associated with the inclination of people towards branded products, and fitness, thus propelling the demand for sneakers market in the Asia Pacific region. For instance, in November 2020, Adidas had opened its largest brand center of the Asia Pacific region in Shanghai, China. The brand center displays all the innovations and recent retail concepts related to new styles. Adidas further has plans to expand its reach in the Asia Pacific region due to an increase in the overall demand for sneakers in countries such as India, Japan, Indonesia, South Korea, and others.
Competitive Insights
The major players identified in the sneaker market include Puma SE., Adidas AG, Nike, Inc., Under Armour, Inc., ASICS, New Balance Athletics, Inc., Mizuno Corporation, Li Ning Company, ECCO Sko A/S, K-Swiss, Inc., Skechers USA, Inc., Anta Sports Products Limited, 361 Degrees International Limited, Xstep International Holdings Limited, Peak Sportswear Ltd and lotto Sport Italia among others. Technological advancement and new product development remain some of the major strategies implemented by the major players in the sneakers market. For instance, in September 2020, Puma SE. launched its latest product, named Hybrid. Hybrid includes two variants hybrid runner and rocket. Hybrid includes beads which provide extra cushion while running.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Sneakers market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the Sneakers market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE DETAILS
Research Period 2020-2030
Base Year 2021
Forecast Period 2022-2030
Historical Year 2020
Unit USD Million
Segmentation
Category
Adult
Children
Type
Low Cut
High Ankle
Mid Cut
Slip On
Others (Platform etc.)
Distribution Channel
Brand Outlets
E-Commerce Industry
Supermarkets and Hypermarkets
Other (Factory Outlets)
Region Segment (2020-2030; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
Pre COVID-19 situation
Post COVID-19 situation
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Sneakers market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2030.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Sneakers market?
Which is the largest regional market for Sneakers market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Sneakers market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Sneakers market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Sneakers Market
- 2.2. Global Sneakers Market, By Category, 2021 (US$ Million)
- 2.3. Global Sneakers Market, By Type, 2021 (US$ Million)
- 2.4. Global Sneakers Market, By Distribution Channel, 2021 (US$ Million)
- 2.5. Global Sneakers Market, By Geography, 2021 (US$ Million)
- 2.6. Impact of Covid 19
- 2.7. Attractive Investment Proposition by Geography, 2021
- 2.8. Competitive Analysis
- 2.8.1. Market Positioning of Key Sneakers Market Vendors
- 2.8.2. Strategies Adopted by Sneakers Market Vendors
- 2.8.3. Key Industry Strategies
3. Sneakers Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Sneakers Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Sneakers Market: By Category, 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Adult
- 4.3.2. Children
5. Sneakers Market: By Type, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Low Cut
- 5.3.2. High Ankle
- 5.3.3. Mid Cut
- 5.3.4. Slip On
- 5.3.5. Others (Platform etc.)
6. Sneakers Market: By Distribution Channel, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2021 Versus 2030
- 6.3. Market Segmentation
- 6.3.1. Brand Outlets
- 6.3.2. E-Commerce Industry
- 6.3.3. Supermarkets and Hypermarkets
- 6.3.4. Other (Factory Outlets)
7. North America Sneakers Market, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Sneakers Market: By Category, 2020-2030, USD (Million)
- 7.3. Sneakers Market: By Type, 2020-2030, USD (Million)
- 7.4. Sneakers Market: By Distribution Channel, 2020-2030, USD (Million)
- 7.5.Sneakers Market: By Region, 2020-2030, USD (Million)
- 7.5.1.North America
- 7.5.1.1. U.S.
- 7.5.1.2. Canada
- 7.5.1.3. Rest of North America
- 7.5.1.North America
8. UK and European Union Sneakers Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Sneakers Market: By Category, 2020-2030, USD (Million)
- 8.3. Sneakers Market: By Type, 2020-2030, USD (Million)
- 8.4. Sneakers Market: By Distribution Channel, 2020-2030, USD (Million)
- 8.5.Sneakers Market: By Region, 2020-2030, USD (Million)
- 8.5.1.UK and European Union
- 8.5.1.1. UK
- 8.5.1.2. Germany
- 8.5.1.3. Spain
- 8.5.1.4. Italy
- 8.5.1.5. France
- 8.5.1.6. Rest of Europe
- 8.5.1.UK and European Union
9. Asia Pacific Sneakers Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Sneakers Market: By Category, 2020-2030, USD (Million)
- 9.3. Sneakers Market: By Type, 2020-2030, USD (Million)
- 9.4. Sneakers Market: By Distribution Channel, 2020-2030, USD (Million)
- 9.5.Sneakers Market: By Region, 2020-2030, USD (Million)
- 9.5.1.Asia Pacific
- 9.5.1.1. China
- 9.5.1.2. Japan
- 9.5.1.3. India
- 9.5.1.4. Australia
- 9.5.1.5. South Korea
- 9.5.1.6. Rest of Asia Pacific
- 9.5.1.Asia Pacific
10. Latin America Sneakers Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Sneakers Market: By Category, 2020-2030, USD (Million)
- 10.3. Sneakers Market: By Type, 2020-2030, USD (Million)
- 10.4. Sneakers Market: By Distribution Channel, 2020-2030, USD (Million)
- 10.5.Sneakers Market: By Region, 2020-2030, USD (Million)
- 10.5.1.Latin America
- 10.5.1.1. Brazil
- 10.5.1.2. Mexico
- 10.5.1.3. Rest of Latin America
- 10.5.1.Latin America
11. Middle East and Africa Sneakers Market, 2020-2030, USD (Million)
- 11.1. Market Overview
- 11.2. Sneakers Market: By Category, 2020-2030, USD (Million)
- 11.3. Sneakers Market: By Type, 2020-2030, USD (Million)
- 11.4. Sneakers Market: By Distribution Channel, 2020-2030, USD (Million)
- 11.5.Sneakers Market: By Region, 2020-2030, USD (Million)
- 11.5.1.Middle East and Africa
- 11.5.1.1. GCC
- 11.5.1.2. Africa
- 11.5.1.3. Rest of Middle East and Africa
- 11.5.1.Middle East and Africa
12. Company Profile
- 12.1. Nike, Inc.
- 12.1.1. Company Overview
- 12.1.2. Financial Performance
- 12.1.3. Product Portfolio
- 12.1.4. Strategic Initiatives
- 12.2. Adidas AG
- 12.2.1. Company Overview
- 12.2.2. Financial Performance
- 12.2.3. Product Portfolio
- 12.2.4. Strategic Initiatives
- 12.3. Puma SE
- 12.3.1. Company Overview
- 12.3.2. Financial Performance
- 12.3.3. Product Portfolio
- 12.3.4. Strategic Initiatives
- 12.4. Under Armour, Inc.
- 12.4.1. Company Overview
- 12.4.2. Financial Performance
- 12.4.3. Product Portfolio
- 12.4.4. Strategic Initiatives
- 12.5. ASICS
- 12.5.1. Company Overview
- 12.5.2. Financial Performance
- 12.5.3. Product Portfolio
- 12.5.4. Strategic Initiatives
- 12.6. New Balance Athletics, Inc.
- 12.6.1. Company Overview
- 12.6.2. Financial Performance
- 12.6.3. Product Portfolio
- 12.6.4. Strategic Initiatives
- 12.7. Mizuno Corporation
- 12.7.1. Company Overview
- 12.7.2. Financial Performance
- 12.7.3. Product Portfolio
- 12.7.4. Strategic Initiatives
- 12.8. Li Ning Limited
- 12.8.1. Company Overview
- 12.8.2. Financial Performance
- 12.8.3. Product Portfolio
- 12.8.4. Strategic Initiatives
- 12.9. ECCO Sko A/S
- 12.9.1. Company Overview
- 12.9.2. Financial Performance
- 12.9.3. Product Portfolio
- 12.9.4. Strategic Initiatives
- 12.10. K-Swiss, Inc.
- 12.10.1. Company Overview
- 12.10.2. Financial Performance
- 12.10.3. Product Portfolio
- 12.10.4. Strategic Initiatives
- 12.11. Skechers USA, Inc.
- 12.11.1. Company Overview
- 12.11.2. Financial Performance
- 12.11.3. Product Portfolio
- 12.11.4. Strategic Initiatives
- 12.12. Anta Sports Products Limited
- 12.12.1. Company Overview
- 12.12.2. Financial Performance
- 12.12.3. Product Portfolio
- 12.12.4. Strategic Initiatives
- 12.13. 361 Degree International Limited
- 12.13.1. Company Overview
- 12.13.2. Financial Performance
- 12.13.3. Product Portfolio
- 12.13.4. Strategic Initiatives
- 12.14. Xtep International Holdings Limited
- 12.14.1. Company Overview
- 12.14.2. Financial Performance
- 12.14.3. Product Portfolio
- 12.14.4. Strategic Initiatives
- 12.15. Peak Sportswear Ltd.
- 12.15.1. Company Overview
- 12.15.2. Financial Performance
- 12.15.3. Product Portfolio
- 12.15.4. Strategic Initiatives
- 12.16. Lotto Sport Italia
- 12.16.1. Company Overview
- 12.16.2. Financial Performance
- 12.16.3. Product Portfolio
- 12.16.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Sneakers Market By Category, 2020-2030, USD (Million)
- TABLE 2 Global Sneakers Market By Type, 2020-2030, USD (Million)
- TABLE 3 Global Sneakers Market By Distribution Channel, 2020-2030, USD (Million)
- TABLE 4 North America Sneakers Market By Category, 2020-2030, USD (Million)
- TABLE 5 North America Sneakers Market By Type, 2020-2030, USD (Million)
- TABLE 6 North America Sneakers Market By Distribution Channel, 2020-2030, USD (Million)
- TABLE 7 UK and European Union Sneakers Market By Category, 2020-2030, USD (Million)
- TABLE 8 UK and European Union Sneakers Market By Type, 2020-2030, USD (Million)
- TABLE 9 UK and European Union Sneakers Market By Distribution Channel, 2020-2030, USD (Million)
- TABLE 10 Asia Pacific Sneakers Market By Category, 2020-2030, USD (Million)
- TABLE 11 Asia Pacific Sneakers Market By Type, 2020-2030, USD (Million)
- TABLE 12 Asia Pacific Sneakers Market By Distribution Channel, 2020-2030, USD (Million)
- TABLE 13 Latin America Sneakers Market By Category, 2020-2030, USD (Million)
- TABLE 14 Latin America Sneakers Market By Type, 2020-2030, USD (Million)
- TABLE 15 Latin America Sneakers Market By Distribution Channel, 2020-2030, USD (Million)
- TABLE 16 Middle East and Africa Sneakers Market By Category, 2020-2030, USD (Million)
- TABLE 17 Middle East and Africa Sneakers Market By Type, 2020-2030, USD (Million)
- TABLE 18 Middle East and Africa Sneakers Market By Distribution Channel, 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Sneakers Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Sneakers Market: Quality Assurance
- FIG. 5 Global Sneakers Market, By Category, 2021
- FIG. 6 Global Sneakers Market, By Type, 2021
- FIG. 7 Global Sneakers Market, By Distribution Channel, 2021
- FIG. 8 Global Sneakers Market, By Geography, 2021
- FIG. 9 Global Sneakers Market, By Category, 2021 Vs 2030, %
- FIG. 10 Global Sneakers Market, By Type, 2021 Vs 2030, %
- FIG. 11 Global Sneakers Market, By Distribution Channel, 2021 Vs 2030, %
- FIG. 12 U.S. Sneakers Market (US$ Million), 2020 - 2030
- FIG. 13 Canada Sneakers Market (US$ Million), 2020 - 2030
- FIG. 14 Rest of North America Sneakers Market (US$ Million), 2020 - 2030
- FIG. 15 UK Sneakers Market (US$ Million), 2020 - 2030
- FIG. 16 Germany Sneakers Market (US$ Million), 2020 - 2030
- FIG. 17 Spain Sneakers Market (US$ Million), 2020 - 2030
- FIG. 18 Italy Sneakers Market (US$ Million), 2020 - 2030
- FIG. 19 France Sneakers Market (US$ Million), 2020 - 2030
- FIG. 20 Rest of Europe Sneakers Market (US$ Million), 2020 - 2030
- FIG. 21 China Sneakers Market (US$ Million), 2020 - 2030
- FIG. 22 Japan Sneakers Market (US$ Million), 2020 - 2030
- FIG. 23 India Sneakers Market (US$ Million), 2020 - 2030
- FIG. 24 Australia Sneakers Market (US$ Million), 2020 - 2030
- FIG. 25 South Korea Sneakers Market (US$ Million), 2020 - 2030
- FIG. 26 Rest of Asia Sneakers Market (US$ Million), 2020 - 2030
- FIG. 27 Brazil Sneakers Market (US$ Million), 2020 - 2030
- FIG. 28 Mexico Sneakers Market (US$ Million), 2020 - 2030
- FIG. 29 Rest of Latin America Sneakers Market (US$ Million), 2020 - 2030
- FIG. 30 GCC Sneakers Market (US$ Million), 2020 - 2030
- FIG. 31 Africa Sneakers Market (US$ Million), 2020 - 2030
- FIG. 32 Rest of Middle East and Africa Sneakers Market (US$ Million), 2020 - 2030
